Iridium Communications

Money Moves

As of September 2026: Target of acquisition; amended credit agreement to permit change of control

Rocket Lab has fully funded its roughly $8 billion purchase of Iridium Communications. A $1.94 billion share sale closed on schedule, and the $3.6 billion bridge loan that had backstopped the cash portion is now canceled.

Updated Sep 16

Money Moves

As of June 2026: Acquisition target

Iridium nearly vanished. In 2000, investors bought its satellite network out of bankruptcy for about $25 million. On June 29, 2026, Rocket Lab agreed to buy the same company for roughly $8 billion.

Updated Jun 29